Crypto News Digest by U.Today


Valeria Blokhina

What happened in the world of crypto this weekend? Read U.Today’s news feed to find out!

U.today has summarized the top four news stories of the weekend. Don’t miss anything important in the crypto industry!

Terra Network Removed by Coinbase Cloud Service

Coinbase’s infrastructure arm, Coinbase Cloud, has announced that it will stop supporting Terra. The Coinbase Cloud team made this decision in consultation with the customers and ecosystem participants behind Terra. Also, amid rumors of Terra’s potential spin-off, Coinbase Cloud made it clear that the “potential” new chain would not be added to its stack of nodes. Coinbase Cloud has announced that customers and enthusiasts will receive all the necessary support on “how best to roll out Terra”, with minimal impact on business processes.

Vitalik Buterin: I’m not a billionaire anymore

In response to a tweet about two of the richest people on Earth, Elon Musk and Jeff Bezos, Ethereum co-founder and frontman Vitalik Buterin wrote that he is no longer a crypto billionaire. This happened because of the drop in Ethereum’s price; in November 2021, Buterin’s stock of ETH was about $1.5 billion, but the ETH has since fallen by 55%, causing the Russian-Canadian developer to lose its billionaire status. CZ, head of Binance, is also among crypto billionaires who have lost a large part of their fortunes. According to Bloomberg’s ratings of billionaires, his fortune has collapsed at more than $80 billion (84% of his net worth).

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Dogecoin Co-Founder Makes Important Statement

Dogecoin co-founder Billy Markus recently posted an important reminder on his official Twitter account, in which he wants to clarify a few things about DOGE and his connection to it. Markus wrote that he left Dogecoin seven and a half years ago, so he is no longer working on the meme cryptocurrency and will never work on it again. He also added that his goal is to help people see the crypto market for what it really is, touch its definition and describe it as a mix of “hopium”, “fomo”, panic and others. phenomena circulating in the industry. Despite being away from the core of the project, Markus believes the Dogecoin ecosystem is getting healthier with the speculation surrounding it.

Elon Musk Hits Back at Dogecoin Founder Calling Him ‘Smug Consumer’

After being called a “self-righteous con artist” by Jackson Palmer about two weeks ago, Elon Musk has finally acknowledged the co-founder of Dogecoin, claiming that the latter can be “a little negative” at times. Palmer responded to Musk’s comment by writing “achievement unlocked.” An Australian software engineer said goodbye to the cryptocurrency community in 2015 due to its “toxic” culture. However, after Dogecoin made huge price gains and became a $90 billion behemoth in early 2021, Palmer took to Twitter again to share some controversial views on the state of the industry.

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